Vuzix(US:VUZI)2025-06-17 14:30Market Opportunity - The AR smart glasses market is projected to reach 1 billion units by 2030, potentially generating $60 billion per year with a waveguide ASP of $60[22] - Vuzix aims to capture a 10% share of the waveguide market, resulting in $6 billion per year[22] - The enterprise smart glasses market is projected to experience a 20x-50x unit increase by 2028[25] - Vuzix targets a 20% share of the enterprise smart glasses market, translating to $50 million - $200 million per year, based on a TAM of $250 million - $1 billion per year at an ASP of $1000[24] Waveguide Technology and Manufacturing - Vuzix can design and fabricate a customized waveguide in approximately three months[36] - Vuzix has expanded its waveguide production capacity to over 1 million units per year in 2023/2024, with plans to further expand to 20 million to 40 million units per year by 2028, depending on market demand[62] - Vuzix's waveguide production cost is estimated to be 1/10th of the competition's cost[73] - Vuzix's waveguide facility can expand up to approximately 39,000 sqft[49] Strategic Partnerships and Products - Vuzix has a strategic partnership with Quanta, including a $20 million investment, focused on waveguide supply chain, product design, and manufacturing[109] - The LX1 smart glasses are expected to be released in the fall of 2025, featuring a 720p OLED display, 12MP camera, and Android 15[86] - Vuzix acquired Moviynt in November 2022, a SAP certified SaaS based ERP solution provider[95]